https://www.taxtmi.com/caselaws?id=390018 The reassessment proceedings initiated under Section 147 of the Income Tax Act were annulled by the Tribunal as the notice was issued beyond the four-year limit without any failure on the part of the assessee to disclose material facts. The Tribunal found that all relevant facts had been disclosed during the original assessment, rendering the reassessment invalid. Consequently, the recomputation of book profits under Section 115JB was not addressed, and the appeal of the assessee was allowed. en-us Fri, 06 Sep 2019 00:00:00 +0530 Sun, 22 Dec 2019 07:31:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390018 The reassessment proceedings initiated under Section 147 of the Income Tax Act were annulled by the Tribunal as the notice was issued beyond the four-year limit without any failure on the part of the assessee to disclose material facts. The Tribunal found that all relevant facts had been disclosed during the original assessment, rendering the reassessment invalid. Consequently, the recomputation of book profits under Section 115JB was not addressed, and the appeal of the assessee was allowed. Case-Laws Income Tax Fri, 06 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390018